Vanguard Group Inc. Acquires 9,159,024 Shares of Uranium Energy Corp. $UEC

Vanguard Group Inc. lifted its stake in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 34.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,726,216 shares of the basic materials company’s stock after buying an additional 9,159,024 shares during the period. Vanguard Group Inc. owned approximately 7.39% of Uranium Energy worth $476,588,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC bought a new stake in shares of Uranium Energy during the 3rd quarter valued at $33,000. Operose Advisors LLC acquired a new position in Uranium Energy in the second quarter valued at about $34,000. GPS Wealth Strategies Group LLC lifted its position in Uranium Energy by 31.0% during the third quarter. GPS Wealth Strategies Group LLC now owns 4,654 shares of the basic materials company’s stock worth $62,000 after purchasing an additional 1,100 shares during the period. Semus Wealth Partners LLC acquired a new stake in Uranium Energy during the second quarter worth about $68,000. Finally, Brookwood Investment Group LLC bought a new position in Uranium Energy in the 2nd quarter valued at about $85,000. Institutional investors own 62.28% of the company’s stock.

Uranium Energy Price Performance

UEC opened at $15.63 on Thursday. Uranium Energy Corp. has a fifty-two week low of $3.85 and a fifty-two week high of $20.34. The company’s 50 day moving average price is $15.56 and its two-hundred day moving average price is $13.62. The firm has a market capitalization of $7.56 billion, a price-to-earnings ratio of -130.25 and a beta of 1.22.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. The Goldman Sachs Group reiterated a “buy” rating and set a $18.00 price target on shares of Uranium Energy in a research report on Wednesday, February 4th. National Bank Financial lifted their price target on Uranium Energy from $15.50 to $16.50 and gave the company an “outperform” rating in a research note on Friday, December 19th. Roth Mkm reissued a “buy” rating and set a $16.00 price target on shares of Uranium Energy in a report on Thursday, December 11th. Finally, Zacks Research raised Uranium Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $15.66.

Uranium Energy Company Profile

Uranium Energy Corp. is a uranium mining and exploration company focused on the development and production of uranium through in-situ recovery (ISR) methods. The company’s core activities include operating ISR projects, advancing exploration properties, and engaging in joint ventures to secure uranium supply for nuclear power generation. Uranium Energy’s approach emphasizes environmentally conscious extraction techniques that minimize land disturbance and water usage compared with conventional mining.

The company’s primary producing asset is the Hobson ISR facility in South Texas, which commenced production to supply uranium concentrate to nuclear utilities.